AWS Still Owns the Cloud

When Amazon announced its earnings for its Amazon Web Services cloud division on Thursday, the results were hardly surprising. While AWS might not have the eye-popping growth percentages of its rivals, it still grew at a decent 47 percent, with earnings of $3.53 billion on an astonishing $14.2 billion run rate.

You may point to the rivals and say, well, they had better quarters from a growth standpoint, but it’s important to remember it’s easier to grow from a small number to a bigger small number than it is to grow from a big number. In that sense, AWS could be seen simply as a victim of its own success. Read more…